$10,500 for Sale
56 woodland street, detroit, MI 48202
Property Description
DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. Offering includes four (4) residential parcels located at **48, 56, 64 & 72 Woodland St** in Detroit's **Gateway Community**. **Total Asking Price: $52,000 ($13,000 per parcel).** Properties must be sold together. Each parcel measures approximately **40' x 125'**, providing a combined frontage of approximately **160 feet**. Excellent opportunity for **new construction residential development** (subject to zoning and City approval) in an area experiencing ongoing investment and revitalization. Conveniently located near **Woodward Ave, Midtown, New Center, Downtown Detroit, Wayne State University, Henry Ford Health, and Detroit Medical Center**. Buyer must submit a complete DLBA proposal package including project description, development timeline, proof of funds, site plan/concept drawings, and documentation of prior similar projects. Sale is contingent upon execution of a DLBA Development Agreement and compliance with City of Detroit permitting and approval requirements. Property sold **as-is**. DLBA retains the right to tax recapture for five (5) years following transfer. A rare opportunity to acquire four contiguous residential parcels in Detroit's growing Gateway neighborhood.
General Information
Sale Price: $10,500
Price/SqFt:
Status: Active
MLS#: 20261044018
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: woodland
Acres: 0.12
Lot Dimensions: 40X124.75
Size:
Acreage: 0.12 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Legal Description: S WOODLAND 123 WOODLAND L13 P85 PLATS, W C R 1/130 40 X 124.75

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Listing By: Adam Hage of Atlas Properties Inc, Phone: (313) 598-2566